Deepak Nitrite (DEEPAKNTR) Share Price Falls 2.17% Today; Key Levels, Valuation and Peer View
- September 2, 2026
- Posted by: Harsh Piplani
- Category: News
Deepak Nitrite Share Price was Rs 1,745 on 02 September 2026 at 10:49:28 AM IST, down 2.17% for the day. The stock declined by Rs 38.7 from its previous close of Rs 1,783.7, while market capitalisation stood at Rs 23,850.37 crore. For a Large Cap name in the Chemicals space, that puts the move firmly on the radar of intraday market watchers.
The supplied data confirms a clear same-session decline. The stock opened at Rs 1,783.7, touched an intraday high of Rs 1,789.85, and later slipped to Rs 1,745, which was also the day’s low at the captured time. That pattern matters because it shows weakness after the opening trade rather than visible intraday recovery in the snapshot. At the same time, the data does not identify any company-specific reason for the move, so no catalyst should be assumed from price action alone.
For investors tracking Deepak Nitrite Share Price on Univest, the key questions now are straightforward: how sharp was the intraday pressure, where does the stock sit relative to its moving averages, and do current valuation and profitability metrics look expensive, fair or mixed against the wider Chemicals benchmark.
Deepak Nitrite (DEEPAKNTR) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 1,745 |
| Previous Close | Rs 1,783.7 |
| Today's Move | -Rs 38.70 (-2.17%) |
| Open | Rs 1,783.7 |
| High | Rs 1,789.85 |
| Low | Rs 1,745 |
| Turnover | Rs 27.03 crore |
| Market Capitalisation | Rs 23,850.37 crore |
| Market Cap Category | Large Cap |
At the recorded time, Deepak Nitrite Share Price was exactly at the intraday low, which usually signals that sellers were still in control at that point in the session. The stock opened at the previous close, briefly traded above that level, and then weakened through the morning. Turnover of Rs 27.03 crore confirms that the move was accompanied by meaningful traded value rather than a stray quote.
The short-term technical context is mixed rather than one-sided. The current price of Rs 1,745 is slightly above the 50-day moving average of Rs 1,738.93 and comfortably above the 200-day moving average of Rs 1,647.1. That means the day’s decline brought the stock closer to its near-term average, but the supplied data still places it above both reference levels. Meanwhile, RSI at 52.99 suggests neither an extreme overheated condition nor a deeply stretched weak reading in the snapshot.
So while Deepak Nitrite Share Price Today reflects a negative session, the broader positioning in the supplied technical markers is not outright broken. Investors typically watch whether price holds near the 50-DMA, because a stock trading close to that line after an intraday decline can become a key short-term reference point.
Deepak Nitrite (DEEPAKNTR) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 23,850.37 crore |
| P/E Ratio | 31.06x |
| P/B Ratio | 3.94x |
| ROE | 9.81% |
| ROCE | 11.58% |
| EPS | Rs 57.43 |
| Book Value Per Share | Rs 453.24 |
| Dividend Yield | 0.42% |
Deepak Nitrite’s financial snapshot shows a large listed chemicals company with positive profitability metrics and valuation multiples that are not low on an absolute basis. The stock trades at 31.06 times earnings and 3.94 times book value. ROE stands at 9.81% and ROCE at 11.58%, while EPS is Rs 57.43 and book value per share is Rs 453.24. Dividend yield is 0.42%.
Those figures indicate that the company is profitable, but the return profile is not at the very top end of the premium chemicals peer set supplied in the benchmark data. This matters because valuation tends to be read alongside returns. A company can trade at elevated multiples if the market sees strong capital efficiency, but where returns are more moderate, investors may compare the stock more carefully against peers and industry medians.
That is one reason Deepak Nitrite Share Price attracts added attention on down days. A decline does not automatically make the stock cheap or expensive, but it often prompts investors to revisit whether the current earnings multiple, book multiple and return ratios are comfortably aligned.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Chemicals |
| Industry | Chemicals |
| Benchmark Scope | same industry |
| Company P/E Ratio | 31.06x |
| Benchmark Median P/E | 25.52x |
| Benchmark Average P/E | 49.19x |
| Benchmark P/E Range | 4.42x to 755.41x |
| Company P/B Ratio | 3.94x |
| Benchmark Median P/B | 1.94x |
| Benchmark Average P/B | 2.91x |
| Company ROE | 9.81% |
| Benchmark Median ROE | 7.73% |
| Benchmark Average ROE | -2.89% |
| Company ROCE | 11.58% |
| Benchmark Median ROCE | 9.84% |
| Benchmark Average ROCE | 18.34% |
| Company Market Capitalisation | Rs 23,850.37 crore |
| Benchmark Median Market Cap | Rs 465.62 crore |
| Benchmark Average Market Cap | Rs 5,458.87 crore |
The industry benchmark gives important context to the current move. Deepak Nitrite operates in the Chemicals sector, where the comparison universe covers 178 companies. Its P/E of 31.06 is above the median of 25.52 but below the average of 49.19. Because the sector’s P/E range runs from 4.42 to 755.41, the average is influenced by wide dispersion, so median readings are often useful for practical comparison.
On price-to-book, the stock’s 3.94 multiple is above both the median of 1.94 and the average of 2.91. Profitability looks mixed but respectable: ROE at 9.81% is above the median of 7.73%, and ROCE at 11.58% is above the median of 9.84%, though below the average ROCE of 18.34. In market-cap terms, the company is much larger than the typical industry participant, with Rs 23,850.37 crore versus a median of Rs 465.62 crore and average of Rs 5,458.87 crore.
This means Deepak Nitrite Share Price is not being valued like the cheapest end of the Chemicals universe, but it is also not in the most stretched premium bracket represented by the highest-multiple names. The sector data places it in a middle band where investors may continue to judge whether the company’s return profile supports those above-median valuation ratios.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Solar Industries India | SOLARINDS | 1,83,419.27 | 90.88 | 26.1 | 32.49 | 38.16 |
| Pidilite Industries | PIDILITIND | 1,67,339.42 | 63.17 | 14.47 | 24.29 | 32.38 |
| SRF | SRF | 75,831.4 | 35.4 | 5.18 | 13.8 | 14.21 |
| Gujarat Fluorochemicals | FLUOROCHEM | 51,527.89 | 84.66 | 6.49 | 7.65 | 9.58 |
| Navin Fluorine International | NAVINFLUOR | 44,516.97 | 56.11 | 10.55 | 20.24 | 21.39 |
The peer list sharpens the picture. Deepak Nitrite’s P/E of 31.06 is below Solar Industries India, Pidilite Industries, SRF, Gujarat Fluorochemicals and Navin Fluorine International. Its P/B of 3.94 is also below the much richer multiples seen in Solar, Pidilite, Gujarat Fluorochemicals and Navin Fluorine, and below SRF as well. On that measure, the stock does not screen as the most expensive among major supplied peers.
However, profitability is not leading this peer set either. ROE of 9.81% trails Solar, Pidilite, SRF and Navin Fluorine, though it is above Gujarat Fluorochemicals. ROCE of 11.58% is below Solar, Pidilite, SRF and Navin Fluorine, but above Gujarat Fluorochemicals. Market-cap-wise, Deepak Nitrite at Rs 23,850.37 crore is well below these featured large peers. Put simply, the stock carries a more moderate valuation than several premium names, but it also delivers lower returns than most of them.
Why Investors Are Watching Deepak Nitrite
- Deepak Nitrite Share Price fell 2.17% to Rs 1,745 and was trading at the day’s low in the captured snapshot.
- The stock moved from an open of Rs 1,783.7 to an intraday high of Rs 1,789.85 before weakening.
- Current price is near the 50-DMA of Rs 1,738.93 and above the 200-DMA of Rs 1,647.1.
- Valuation at 31.06x P/E and 3.94x P/B is above important industry medians.
- ROE of 9.81% and ROCE of 11.58% are above sector medians but below several major peers.
About Deepak Nitrite
Deepak Nitrite is classified in the Chemicals sector and Chemicals industry in the supplied dataset. With market capitalisation of Rs 23,850.37 crore, it is substantially larger than the typical company in its benchmark universe. That scale makes Deepak Nitrite Share Price relevant not just for stock-specific screens, but also for broader monitoring of larger listed chemical companies.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Deepak Nitrite Share Price fall today?
Ans. The stock fell 2.17% to Rs 1,745 from the previous close of Rs 1,783.7. The supplied data confirms the decline, but it does not provide a verified company-specific reason for the move.
What is Deepak Nitrite Share Price Today?
Ans. Deepak Nitrite Share Price Today was Rs 1,745 at 10:49:28 AM IST on 02 September 2026, down Rs 38.7 or 2.17% for the session. The previous close was Rs 1,783.7.
Is the stock expensive versus its sector?
Ans. Its P/E of 31.06 is above the same-industry median of 25.52, while its P/B of 3.94 is above the benchmark median of 1.94 and average of 2.91. That suggests valuation is above key sector medians.
How does Deepak Nitrite compare with major Chemicals peers?
Ans. Its P/E is lower than Solar Industries India, Pidilite Industries, SRF, Gujarat Fluorochemicals and Navin Fluorine International. But its ROE and ROCE trail most of those peers except Gujarat Fluorochemicals.
